Create an Online Account|Account Login 0 items in your cart | Empty


Actuals Physical commodities as opposed to futures contracts or the commodity that underlies a futures contract.
Ag The chemical symbol for silver.
Alloy A substance composed of two or more metals.
Allocated Metal Assigning defined quantities of physical metals to specific accounts. For example, if an investor buys shares in a gold exchange-traded fund, each share is backed by a defined amount of physical gold.
Approved Carriers An exchange-authorized armored carrier approved for the transport of precious metals.
Argentum Latin for silver.
Ask The price which the seller is willing to accept for a commodity; also known as the offer price.
Assay The act of testing the purity of precious metals.
Au The chemical symbol for gold.
Aurum Latin for gold.
Backwardation The theory that posits that as a futures contract approaches
expiration, its price tends to rise; also known as an inverted market.
Bank Wire An electronic transfer of funds through the Federal Reserve System from one financial institution to another for the benefit of a specific account.
Base Metal Copper, aluminum, iron, lead, nickel, tin and zinc.
Basis The variation between the spot price of a deliverable and the relative price of the futures for the same actual that has the shortest duration until maturity.
Bear Market Market characterized by a declining trend in terms of prices.
Bid The bid price is the price at which a dealer is willing to buy a commodity; opposite of "ask".
Bullion Precious metals, including gold, silver, platinum, and palladium, that are traded based on their intrinsic metal value.
Bullion Coin A precious metal coin whose market value is determined by its inherent precious metal content. They are bought and sold mainly for investment purposes.
Bull Market Market characterized by upwardly moving price trend.
Carry Market A market situation in which a futures contract for a commodity has a higher value in the nearest delivery month relative to the expiration date.
Carrying Charge The cost associated with holding a financial instrument or storing a physical commodity over a defined period of time.
Cash U.S. currency.
Cash Commodity The actual physical commodity underlying a futures contract.
Cash Market The market for a cash commodity where the actual physical product is traded.
Cashier's Check Check drawn by a bank with its own funds and signed by its cashier.
Central Bank The entity responsible for establishing a nation's monetary and fiscal policy and controlling the money supply and interest rates. In the U.S., the Federal Reserve Board is often referred to as the central bank.
Close The official end of a trading session.
Commission The fee charged by a broker for the execution of an order.
Commodity Futures Trading Commission (CFTC) U.S. federal regulatory agency created under the Commodity Futures Trading Commission Act of 1974. It ensures open and efficient operation of the futures markets.
Contango A market situation in which prices are higher in the succeeding delivery months than in the nearest delivery month. Also known as a carry market, it is the opposite of backwardation.
Current Delivery Month Also called the spot month, it refers to the period during which a futures contract becomes available during the current month or the month closest to scheduled delivery.
Deliverable Bar A precious metals bar with a weight, fineness and hallmark approved as a tradable unit on a commodity exchange.
Delivery The exchange by which an underlying commodity, cash, or other delivery instrument is tendered and received by the contract holder.
Delivery Point A location designated by an exchange at which delivery may be made in fulfillment of contract terms.
Depository or Warehouse Receipt A document issued by a depository institution indicating ownership of a commodity stored in a vault or warehouse.
Derivative Financial instrument whose value is derived from the underlying actual, futures contract, or other financial instrument. For example, futures contracts are derivatives of physical commodities, options on futures are derivatives of futures contracts.
Dore Bullion An impure alloy of silver or gold named for the Dore furnace used at mining facilitues that produces it.
Ductility An ability to change shape drastically without breaking. The capacity of a metal to be hammered into a thin sheet or drawn into a fine wire.
Exchange of Futures for Physicals (EFP) The name given to the method by which both parites of a futures contract tha has underlying cash commodities agree to close out their positions simultaneously.

Northwest Territorial Mint, a leader in the precious metals industry, is a member
in good standing of the professional industry associations shown below.

© Copyright 2005-2016 Northwest Territorial Mint | All Rights Reserved
Northwest Territorial Mint® and Graco Awards® are registered trademarks of Northwest Territorial Mint, LLC

Sign Up For Newsletter

Stay informed by signing up and receive alerts when new products become available.

Privacy Policy | Terms and Conditions

Customer Service

Contact our service departments with your various requests by email.

Online Store

Visit the Online Store

Custom Minting

Mint Your Own Coins or Medals

Contact NWTMint

Call Toll-Free 800-344-6468

Local Number 253-833-7780

Fax 253-735-2210

Available By Phone

6:00am to 5:30pm
Sat - 8:00am to 12:00pm
(Pacific Time)

Retail Location Hours

Mon - Fri, 9:00am to 5:00pm
(Pacific Time)


Up to the minute updates help you keep track of your bullion investments in one convenient location. Our Bullion Tracker is secure, fast and FREE!


You are being redirected from the Northwest Territorial Mint bullion site to the Northwest Territorial Mint online retail store.

When you arrive at the retail store you will have the option of shopping for thousands of products not carried on our bullion department. Because our retail store operates differently, there are some distinct advantages of buying bullion from the Northwest Territorial Mint online retail store:

Here's What You Get!

  • You are able to purchase bullion in smaller quantities
  • You receive faster shipping on retail orders
  • You can use credit cards without setting up an account first

Just A Head's Up

  • You pay a nominal fee for shipping, handling, and insurance on retail products
  • Retail store bullion comes with a slightly higher premium than products from the bullion department

Please click on the button below to be redirected to Northwest Territorial Mint's online retail store and make your purchase.